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'm catherine kobayashi. ufj plans to invest in a chinese company to launch a full scale asset management business in china. sources say mitsubishi ufj trust and the hang high based swwg asset company agreed that the japanese bank will purchase 33% of the chinese company's shares for about $100 million. mitsubishi is negotiating details of the plan with china's financial authorities. the chinese company is mainly managing personal assets of about 1.5 billion. mitsubishi ufg trust says individual investment will increase as china's economy grows sharply. the japanese bank is also predicting strong interest from institutional investors in areas such as pension investments. restrictions on foreign investment in the asset management business are easing in china. mitsubishi ufg trust is the first bank to invest in an asset-management company in china. >>> infectiousisease experts are calling for antibiotics for the mdm-1 gene which is recent to most antibacterial drugs. the ndm-1 infection case was reported by a hospital linked to doakio medical university in tochigi prefecture north of tokyo.
'm catherine kobayashi with your updates. >>> the japan coast guard has arrested the captain of a chinese fishing boat on suspicion of attempting to obstruct an inspection i japanese territorial waters. the 41-year-old chinese captain was arrested early on wednesday morning after his trawler collided with a japanese patrol ship off the senkaku islands off the east china sea tuesday. coast guard officials say the trawler was operating in japanese waters. they also say the fishing boat ignored a warning to stop and collided with the two patrol ships as it fled. the fishing boat eventually stopped outside japanese waters and coast guard officials boarded the trawler to question its crew. the officialsoncluded that the captain intentionally rammed his boat into e of the patrol ships to obstruct the inspection. chinese fishing boats are frequently seen in japan's exclusive economic zone near the islands, and the coast guard repeatedly calls on them to halt operations. the senkaku islands are also claimed by china and taiwan. >>> now responding to the ship collision, the japanese foreign minist
.m. in tokyo. i'm catherine kobayashi. >>> energy giant bp has concluded that the catastrophic gulf oil spill was caused by a linked series of mechanical and human failures involving multiple companies. its report has immediately been met by a backlash. the investigation was conducted by a team of bp and outside experts, and disclosed on wednesday. the report blames eight interlinked findings for the incident or accident including the poor quality of cement used to contain hydrocarbons at the sea bottom and the rig crew's delay in noticing irregular ates. outgoing bp representative tony hayward says a series of events led to the tragedy. he insisted transocean and others are responsible. transocean immediately issued a comment calling the report a self-serve attempt to conceal the real cause of the explosion that started the disaster. it said bp had made a series of cost-saving decisions that increased the risk of an accident. the accident in april in the gulf of mexico left 11 dead and started a huge oil spill that lasted over three months. >>> u.s. president barack obama has announced an ad
'm catherine kobayashi in tokyo. thanks very much for joining us.
, september 14th. 11:00 a.m. in tokyo. i'm catherine kobayashi. >>> lawmakers of the ruling democratic party of japan will vote for a new party president on tuesday. the race is a close contest between former party secretary-general icihro o zau ozawa and naoto kan. >>> they started their campaigns on september 1st. it has been a tough competition. during the campaign, ozawa stressed he has the leadership to implement the needed policies. >> translator: i'll work hard until the last moment. >> reporter: kan said the party had to do away with old-style money politics and become more transparent. >> translator: i'll do my best to convey my ideas at the party convention. >> reporter: all of the ballots will be added up based on a points system. each of the lawmakers has two points, making for a total of 822. 100 points are set asided for local assembly members. rank and file members and supporters account for 300 points. the ballots of local assembly members and supporters have already been received and were being counted on tuesday morning. kan is thought to have more support from local assemb
.m. in tokyo. i'm catherine kobayashi. >>> japanese prime minister naoto kan and u.s. president barack obama held talks in new york on thursday. this was their second meeting since kan assumed office in june and was aimed at deepening the japan-u.s. alliance. kan was expected to explain his plan to steadily move forward with the relocation of the u.s. futenma air station in okinawa based on the bilateral agreement reached in may. he is also likely to have asked obama to help reduce the burden on the people of okinawa. the two leaders are also expected to have agreed to advance bilateral cooperation in wide-ranging areas, including the economy, security and development assistance. this year marks the 50th anniversary of the revision of the japan-u.s. security treaty. the two leaders are also likely to have exchanged views on the global economic situation. kan is believed to have explained to obama about the recent intervention by the japanese government in foreign exchange markets to stem the yen's rise. kan takes the view that rapid fluctuations of foreign currency rates are not favorable an
'm catherine kobayashi. north korea's state-run media say kim jong-il's third son kim jong un has been named vice chairman of the korean worker's party. the announcement suggests kim jong un has officially been chosen as kim jong-il's successor. the wednesday morning report says the decision was made at the conference of the workers party in a general meeting of the central commission, the party's leadership body. no images have been made public so far. members of the party's central military commission lead the korean people's army. 19 people, including kim jong-il have been chosen as members of the commission. kim jong un who was earlier given the title of four star general has been named vice chairman of the central military commission, a new post. 30 years ago when kim jong-il first appeared in public as the successor to his father, he was also chosen as a member of the central military commission. jim jiang ill's younger sister kim kyong hui has been named a member of the politic bureau and her husband jang song thaek is a candidate for a polit bureau post. they are expected to act as k
'm catherine kobayashi. we're going to start with business news. the markets are rising following wall street's gains. ines matsuyama joins us with the details. >> that's right, catherine. good morning. wall street's rally spurred a rebound in tokyo stocks on thursday morning. investors helped push the nikkei average above the 9,000-yen level. the index ended the morning session at 9,035 points, up 1.2%, or 108 ticks from wednesday's close. sources say the stronger than expected data on u.s. manufacturers' business sentiment drove new york stocks up. that surge prompted investors in tokyo to go on a buying spree. >>> checking currencies, the dollar's hovering around a narrow range against the yen on thursday morning. it's currently at 84.33-35. while the euro's at 107.92-97. before the dollar started its slide, it gained against the yen, thanks to better than forecast u.s. manufacturing data. here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other markets, hong kong's hang seng opened 1.2% higher. it's currently up 1
, september 15th. 11:00 a.m. in tokyo. i'm catherine kobayashi. >>> the yen continues to rise. the japanese government has finally stepped in. we have the details. >> thanks, catherine. good morning. >>> on the new york foreign exchange the japanese currency soared to the 82 yen level against the u.s. dollar on tuesday, following prime minister kan's victory in the democratic party presidential race. earlier on the tokyo foreign exchange, the dollar hit the 82-yen level for the first time in about 15 years. the move follows japan prime minister kan's reelection as head of the dpj on tuesday. he defeated ichiro 0 za with a. sources say that investors are also selling the dollar against other currencies on speculation the u.s. may take other easing measures. currently the dollar is changing hands at 84.09-10. earlier on the tokyo foreign exchange, the dollar hit the 82-yen level for the first time about 15 years and we had this story earlier. as the dollar weakens, gold prices in new york hit a new record high this comes as investors seek the safety of a precious metal. overnight on the new y
'm catherine kobayashi. the ruling democratic party of japan has announced the start of official campaigning for its presidential election on september 14th. the former secretary-general, ichiro ozawa, and prime minister naoto kan, the current dpj president, are running as candidates. nhk world reporter minako misawa is at the party's headquarters. minako? >> reporter: yes. deputies filed candidacy applications for ozawa and kan on wednesday morning. each candidate had endorsements from more than 20 fellow lawmakers. ozawa and kan will hold a joint news conference later in the day. the democratic party's victory last year ended more than 50 years of virtually unbroken rule by the liberal democratic party. but the dpj suffered a major setback in the upper house election in july. the upcoming leadership vote will be the first poll since that election. both candidates are party leaders who have long worked to put the dpj into power. in this presidential election votes will be counted according to a points system. each party lawmaker has two points for a total of 824 points. rank-and-file member
of "newsline." i'm catherine kobayashi in tokyo. thanks very much for joining us. we'll be back at the top of the next hour you. hope to see you then.
this edition of "newsline." thanks for joining us. i'm catherine kobayashi in tokyo. we'll be back at the top of the next hour.
. >>> that wraps up this edition of "newsline." i'm catherine kobayashi in tokyo. my colleague shery ahn will be with you next at the top of the next hour. hope you join us again then. j
three-day outlook. ♪ ♪ ♪ ♪ >>> and that wraps up this edition of "newsline." i'm catherine kobayashi in tokyo. thanks very much for joining us. we'll be back at the top of the next hour. see you then.
this edition of "newsline." i'm catherine kobayashi in tokyo. thanks very much for joining us. my colleague gene otani is up next at the top of the hour with more of your updates. so do stay with us.
. ♪ ♪ ♪ ♪ ♪ >>> that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. thanks very much for joining us.
>>> hello there. it's wednesday september 29th, 11:00 a.m. in tokyo. i'm catherine kobayashi. welcome to this edition of "newslin "newsline." >>> the japanese government has stepped up a diplomatic offensive to explain its position on the impasse with china. tensions between the two countries have risen sharply since a collision of boats in the east china sea earlier this month. foreign minister seiji maehara said on tuesday that he instructed japan's missions abroad to explain the incident to their host nations and china's reaction. prime minister naoto kan said he plans to do the same when he attends the asia-europe meeting in brussels next week. >> japan last week released the captain of the chinese fishing boat that collided with japanese patrol vessels near japan's senkaku islands. china also claims the islands. however, relations have since shown little sign of improvement. chief cabinet secretary yoshito sengoku said on tuesday that the ball is now in china's court. but a chinese foreign ministry spokesperson said japan should first take concrete actions to mend ties.
Search Results 0 to 17 of about 18 (some duplicates have been removed)